It’s Important to Plan for Future Care Now

Only 14 percent of working Americans believe they will need daily assistance at some point during retirement, yet 66 percent of us will. A Place for You can help you navigate your care journey no matter what your financial situation is. Here are some available options to help you pay for care:

LIFE INSURANCE POLICY CONVERSION – Can help you pay for senior care in the home or in assisted living, home modifications, or to allow participants to gain Medicaid eligibility.

LONG-TERM CARE INSURANCE – Separate from your medical insurance, these policies help pay for the daily cost of care.

MEDICAID – Covers long-term care services in nursing facilities and in the community for qualified people.

MEDICARE – Pays for home health care while you recover from an accident or illness.

MI CHOICE MEDICAID WAIVER – A long-term care program that provides support services in the home. 

PACE – Program of All-Inclusive Care for the Elderly (PACE), PACE is a Medicare program that covers medical and social service expenses for adults who remain at home but require the type of care given in a nursing home.

REVERSE MORTAGES – A reverse mortgage or Home Equity Conversion Mortgage (HECM) is a type of home loan for homeowners who are 62 and older. 

VETERANS BENEFITS – Veterans and their dependents may qualify for tax-free supplemental income. 

Charlotte Balluff-CSA CDP

Charlotte Balluff-CSA CDP is a former nurse and owner of a caregiving service for 14 years prior to A Place for You LLC Senior Living and Care Consulting. Call (734) 447-7590 for more information.

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